If we amended the bankruptcy filingon the same day that we received the discharge, do we need to file any other paperwork?
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If we amended the bankruptcy filingon the same day that we received the discharge, do we need to file any other paperwork?
We filed Chapter 7 and just received the discharge. The same day we received the discharge my husband took down amended paperwork to surrender our home. Do we need to file any other forms?
Asked on September 29, 2011 under Bankruptcy Law, Arizona
Answers:
Mark J. Markus / Mark J. Markus, Law Offices of
Answered 13 years ago | Contributor
I'm not sure which form you're referring to. You don't need to amend any forms in order to surrender your home (or any other assets). If you stop making payments to the lienholders, they will foreclose. Surrender accomplished! As long as you did not enter into a reaffirmation agreement on the debt, then you will have no further liability after the foreclosure.
Mark J. Markus, Attorney at Law
Handling exclusively bankruptcy law cases in California since 1991.
http://www.bklaw.com/
bankruptcy blog: http://bklaw.com/bankruptcy-blog/
Follow Me on Twitter: @bklawr
Mark J. Markus / Mark J. Markus, Law Offices of
Answered 13 years ago | Contributor
I'm not sure which form you're referring to. You don't need to amend any forms in order to surrender your home (or any other assets). If you stop making payments to the lienholders, they will foreclose. Surrender accomplished! As long as you did not enter into a reaffirmation agreement on the debt, then you will have no further liability after the foreclosure.
Mark J. Markus, Attorney at Law
Handling exclusively bankruptcy law cases in California since 1991.
http://www.bklaw.com/
bankruptcy blog: http://bklaw.com/bankruptcy-blog/
Follow Me on Twitter: @bklawr
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